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Dec 12, 2012
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a debt to gdp ratio at 70% puts us at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop
a debt to gdp ratio at 70% puts us at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms...
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Dec 18, 2012
12/12
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good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to begin. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> we have breaking news right now on the debate within the republican party about the fiscal cliff deal. rich edson has what, what is being discussed here, what is the latest, rich? >> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room
good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to...
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Dec 15, 2012
12/12
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. >> california is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, but they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of this, and real opportunities are a loss for everyone, and at some point, you hit a break wall. it's happening around the world right now. neil: how many will actually use it for the intentions it has? >> from what i read, they admit programs like this around the country have been ripe with all kinds of frauds. i would suspect a vast majority sell it. i can't imagine, you know, a lot of homeless people are drug addicts, you know, we got -- by the way, we got a lot of programs out there. you know, for homeless people, and we got a ton of prog
. >> california is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, but they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of...
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Dec 24, 2012
12/12
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we've seen it happened in spain, italy and greece and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december
we've seen it happened in spain, italy and greece and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it...
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Dec 13, 2012
12/12
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israel got ahead of the conflict and cut greece and cypress into the deal so that they would be partnering with israel to exploit these fields rather than competing with israel. sandra: rapidly developing story. to put it in nato secretary-general rasmussen's words, i think now it is only a matter of time. so we'll continue to follow that story. thanks so much for joining us tonight, chris harmer. >> thank you, pressure sandra. pleasure to be here. sandra: handouts to the wind industry have gone so well so why not give them tens of millions more? notice sarcasm out there. they want to build a wind farm completely out ad sea. are think out to lunch? >>> how rising temperatures are threatening to burr i the multibillion-dollar industry. that's coming up. do you ever have too much money? ♪ . copd makes it hard to breathe, but with advai i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve ng function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help impro
israel got ahead of the conflict and cut greece and cypress into the deal so that they would be partnering with israel to exploit these fields rather than competing with israel. sandra: rapidly developing story. to put it in nato secretary-general rasmussen's words, i think now it is only a matter of time. so we'll continue to follow that story. thanks so much for joining us tonight, chris harmer. >> thank you, pressure sandra. pleasure to be here. sandra: handouts to the wind industry...
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Dec 21, 2012
12/12
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we are watching greece again. mistakes are being raised and time is running out. >> the greek parliament at an emotional session. detaals going on outside. >> facebook has made its debut at. >> the market is having a turtle bay. and facebook is doing relatively well. liz: blockbuster upholding the insurance mandate that health care bill. >> is about access to care. >> the big rally in the markets across the board. a major blowout at the top of citigroup. >> we talked to charlie gasper enough today. the auto bailout proves to be interesting. you believe it was the one that won ohio for the president? >> yes, i believe it was great for the president. i think it hurts the governor. liz: today, the thousandth episode of countdown to the closing bell. >> i'm here to say congratulations. >> watching the show. at the end of the day, sometimes you get a little tired. some people take that five hour energy drink. and i just want you. you just have so much energy. >> here at the london olympics. >> let's talk about your job
we are watching greece again. mistakes are being raised and time is running out. >> the greek parliament at an emotional session. detaals going on outside. >> facebook has made its debut at. >> the market is having a turtle bay. and facebook is doing relatively well. liz: blockbuster upholding the insurance mandate that health care bill. >> is about access to care. >> the big rally in the markets across the board. a major blowout at the top of citigroup. >>...
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think back, literally, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if we take the consumer back and put them in the jobs report we did see the number of hours increase as did wages. what do you make of that? does that give you hope? >> it does. if you look at car sales in november, automobile sales, fifteen million vehicles were sold in november. highest since december of 2007. that weakness we saw in cars and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next yea
think back, literally, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if...
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Dec 18, 2012
12/12
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i know we spent so much time talking about europe and greece. the rest of the world is absolutely on fire, where people obviously focus on is china. in september, they approved infrastructure projects. love the way the stocking is acting the last couple of days. dagen: you are bullish on the global economy. charles: for a while now. connell: you are not worried about china athol? charles: i think china is going to continue to be on a roll. i am also impressed with brazil, indonesia and turkey. the rest of the world really doing extraordinarily well. connell: we like when you go global on us, charles. what do you use, google maps or apple? charles: stuart varney is probably better than me when it comes to these smart phones. connell: i do remember when you got away from the flip phone. charles: that is only because i left it in the green room. i heard someone from the smithsonian came up. dagen: charles, thank you so much. connell: let's go to this google graphic story. it is a very popular app. let's put it that way. we will talk about that comi
i know we spent so much time talking about europe and greece. the rest of the world is absolutely on fire, where people obviously focus on is china. in september, they approved infrastructure projects. love the way the stocking is acting the last couple of days. dagen: you are bullish on the global economy. charles: for a while now. connell: you are not worried about china athol? charles: i think china is going to continue to be on a roll. i am also impressed with brazil, indonesia and turkey....
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Dec 11, 2012
12/12
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you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with negative growth and nobody working. dennis: a lesson here. one last note on the fed. what is your concern there? >> pretty simple. the fed has raised the credit market. yield and price are not real. they are buying up trillions of dollars of these bonds and i'm worried about the day when the market no longer listens to them. the market has not been bigger than the fed over the last few years. of the market gets bigger than the fed, look out. yields should be much higher than where they are and if we ever get to that point there could be bi
you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with...
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Dec 20, 2012
12/12
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the euro is stronger today it a lot of that based on what is happening in europe and the fact greece has gotten their fiscal house in order. >> 23 minutes past the hour your fox news minute and winter is here. severe winter weather across the midwest. blizzard conditions expected to disrupt travel plans for millions of americans that are heading out for the holidays, state from kansas to wisconsin and getting hit with massive amounts of snow and strong wind after several midwestern cities set records for the most consecutive days without any snow and a travel might barely getting worse as the weather system moved eastward. also newark, new jersey mayor cory booker-run for u.s. senate. the 43-year-old democrat breaking the news over twitter this morning, the sweet ending speculation over whether he would challenge chris christie next year, the new jersey republican whose approval rating had an all-time high after superstorm sandy. his second term as mayor ends in mid 2014. those your headlines. back to cheryl. cheryl: trying to get over those pictures oo the midwest. thank you very mu
the euro is stronger today it a lot of that based on what is happening in europe and the fact greece has gotten their fiscal house in order. >> 23 minutes past the hour your fox news minute and winter is here. severe winter weather across the midwest. blizzard conditions expected to disrupt travel plans for millions of americans that are heading out for the holidays, state from kansas to wisconsin and getting hit with massive amounts of snow and strong wind after several midwestern cities...
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Dec 17, 2012
12/12
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much worse than even greece. then look at demographics, a little known program that haunts japan, they are having ever fewer babies. they don't want mass immigration to top a falling population and they are living a whole lot longer. so they have a lot of seniors and a tiny up and coming generation. japan has the most extreme demographics in recorded human history. what are they doing b a it? -- about it? not much you can do to persuade liberated japanese women to have more children with very traditional japanese men. that's a huge problem. demographics, like a super tanker, it takes a long time to turn it around. but japan has just elected a new government which promises to get the country out of its 20 year malaise. how is it going to do that? the new prime minister wants to print a ton of money and huge stimulus plan building yet more infrastructure. does that ring a bell? have we seen something like that here? it really can be useful, you know, to look over there. it might show us over here where we might be
much worse than even greece. then look at demographics, a little known program that haunts japan, they are having ever fewer babies. they don't want mass immigration to top a falling population and they are living a whole lot longer. so they have a lot of seniors and a tiny up and coming generation. japan has the most extreme demographics in recorded human history. what are they doing b a it? -- about it? not much you can do to persuade liberated japanese women to have more children with very...
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Dec 21, 2012
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>> we have repaired, if you will, greece, now. we don't have to worry about europe at least until the second half of the year. we have stability in china because of economic activity and that was a drag and then we have the doj promising tease and the federal reserve doing the same thing and all of a sudden it is not the world looking over the cliff, but we 3-quarters of the world looking the other way starting to come back and that is the difference. tracy: what happens? we are stealing from queue to. >> we always steal from one quarter to another. tracy: europe might come back to bother us again the second half of the year. could that mean an okay first half, second half disaster's again? >> we never have smooth sailing at anything. sell in may and go away. which works sometimes and doesn't work. what we feel good about is investors are forced with a problem that dividend taxes are going to go up. to me that is a good problem because it is going to take investors out of the safety of the blue chips and staples and utilities and
>> we have repaired, if you will, greece, now. we don't have to worry about europe at least until the second half of the year. we have stability in china because of economic activity and that was a drag and then we have the doj promising tease and the federal reserve doing the same thing and all of a sudden it is not the world looking over the cliff, but we 3-quarters of the world looking the other way starting to come back and that is the difference. tracy: what happens? we are stealing...
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Dec 10, 2012
12/12
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any more money or any american congress borrow any more money until we fix this country from becoming greece, and that requires significant entitlement reform. >> reporter: for the record, senator graham is not one of those who favors increasing tax rates on the wealthy. he favors more revenue from them by capping deductions. cheryl and dennis. dennis: thanks very much, peter barnes. and our next guest says many republicans in private are conceding they may have to give president obama much of what he wants. we are joined by potomac research group political strategist, greg vallier. so do you think president obama will win a twofer; higher tax rates on the rich and deduction caps to get the rich to pay more as well? >> maybe. it's moving in that direction. i think peter barnes in the previous piece got it exactly right. i think the republicans in private, dennis, are beginning to say let's cut a deal on this, we'll come back and fight again when we really do have leverage. that's on the debt ceiling fight in february. dennis: how can voters have any faith that if they do tax hikes now and wa
any more money or any american congress borrow any more money until we fix this country from becoming greece, and that requires significant entitlement reform. >> reporter: for the record, senator graham is not one of those who favors increasing tax rates on the wealthy. he favors more revenue from them by capping deductions. cheryl and dennis. dennis: thanks very much, peter barnes. and our next guest says many republicans in private are conceding they may have to give president obama...
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Dec 12, 2012
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i've got seven early movers for you, high profits, but less money coming in in the packaging company, greece it's called. what's with the stock? it's up about 4%. the rare earth mining company molycorp ousted its chief executive officer. it's down a little. profits disappointing seismic equipment maker geospace, down and dupont buying back a billion dollars worth of its stock and it's up just a little. health insurer aetna expects higher profits next year, it's up. and microsoft has wrapped up production of its new surface tablet and it, too, moving higher in the early going, i own some microsoft stock. netflix says it needs many more subscribers to be profitable. nonetheless it's up. dow industrials are up 37. and news from berkshire hathaway coming in and it's-- okay, they've bought back 9200 of their class a shares from the estate of one of their shareholders. so they bought back 9200 shares there, the class a stock. that was the news, part of the news on which the halting of berkshire hathaway was based. okay? when they start trading again, nell pretty soon, we'll get a quote for you on
i've got seven early movers for you, high profits, but less money coming in in the packaging company, greece it's called. what's with the stock? it's up about 4%. the rare earth mining company molycorp ousted its chief executive officer. it's down a little. profits disappointing seismic equipment maker geospace, down and dupont buying back a billion dollars worth of its stock and it's up just a little. health insurer aetna expects higher profits next year, it's up. and microsoft has wrapped up...
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it is a greece. tracy: i was going to say italy. i really was. ashley: they're not far behind. annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark, fin left-hand and new zealand. where does the u.s. rank? 19th. tracy: nobody lives in those countries. ashley: what they do is very simple and very clean. tracy: very blond. ashley: very blond. definitely in denmark and finland, that's for sure. tracy: the dark skin, the dark eyes. we're all evil at heart. ashley: that is the quote of the day. thanks, tracy. i didn't say that. tracy: all right. quarter after. come on. right? think about it. as we do every 15 minutes we check on the markets, nicole petallides on the floor of the new york stock exchange. from the most corrupt country in euro
it is a greece. tracy: i was going to say italy. i really was. ashley: they're not far behind. annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark,...